HomeMy WebLinkAboutExhibit4Text of Notice is as follows:
NOTICE OF PUBLIC HEARING
REGARDING THE PROPOSED ISSUANCE OF
NOT EXCEEDING $120.000,000 CITY OF MIAMI, FLORIDA HEALTH FACILITIES
AUTHORITY HEALTH SYSTEM REVENUE BONDS.
CATHOLIC HEALTH EAST ISSUE.
IN ONE OR MORE SERIES
Please take notice that a public hearing to commence at 5 p.m. will be held on August 23, 2007
at the City of Miami Administration Building, Miami Riverside Center, 444 South West 2nd
Avenue, Conference Room, 6d' Floor, Miami, Florida 33130.
The hearing is open to the public and is being held pursuant to the provisions of Section 147(f) of
the Internal Revenue Code of 1986, as amended, with regard to the proposed issuance by the
City of Miami, Florida Health Facilities Authority (the "Authority") of an amount not to exceed
$120,000,000 Health System Revenue Bonds, Catholic Health East Issue, in one or more series,
pursuant to a plan of finance (the "Bonds"). The proceeds of the Bonds will be used for one or
more of the following purposes (a) to refund (i) the Authority's outstanding Health System
Revenue Bonds, Catholic Health East Issue, Series 2003B and Series 2003C, the proceeds of
which bonds financed the cost of health care facilities for Mercy Hospital in Miami and Holy
Cross Hospital in Fort Lauderdale, both of which hospitals are owned and operated by affiliates
of Catholic Health East, and (ii) the City of Tampa, Florida, Health System Revenue Bonds,
Catholic Health East Issue, Series 1998, the proceeds of which bonds financed the cost of other
health care facilities for Holy Cross Hospital, (collectively, the "Refunded Bonds"), (b) finance
the cost of certain capital improvements more particularly described below (the "Project") and
(c) to pay issuance costs with respect to the Bonds. The proceeds of the Bonds will be loaned by
the Authority to Catholic Health East, a Pennsylvania non-profit corporation, and a portion will
be used to prepay obligations under the Refunded Bonds governing documents, thereby effecting
a refunding of the Refunded Bonds. Additionally, a portion of the proceeds of the Bonds may
be used to finance the Project.
The proceeds of the Series 2003C Bonds and the Series 1998 Bonds that will be refunded by the
Bonds were used to finance projects for Holy Cross Hospital, Inc. in Fort Lauderdale, Florida,
and included acquisition of health care facilities and equipment, and improvements, construction
and renovations with respect to Holy Cross' hospital facilities, as well as renovations to the
ambulatory care areas, parking garage expansion, and other miscellaneous capital expenditures.
The Holy Cross projects are owned and operated by Holy Cross Hospital, Inc. and are located on
or contiguous to the Holy Cross Hospital facilities at 4725 North Federal Highway, Fort
Lauderdale, Florida 33308.
The proceeds of the Series 2003C Bonds that will be refunded by the Bonds were used to finance
the expansion of the Mercy Hospital Emergency Department and other miscellaneous capital
expenditures. The Project will consist of (i) the construction of parking facilities at Mercy
Hospital, including a multi -story parking garage containing approximately 825 parking spaces,
and (ii) renovations and improvements to existing Mercy Hospital facilities and the acquisition
TAMPA/6 1750.7
and installation of equipment used in or useful in connection with the operation of .Mercy
Hospital. The Mercy Hospital projects are or will owned and operated by Mercy Hospital, Inc.
and are or will be located on or contiguous to the Mercy Hospital facilities at 3663 South Miami
Avenue, Miami, Florida 33133.
The Bonds shall not be a debt, liability or obligation of the Authority, the City of Miami or the
State of Florida or any political subdivision thereof, but shall be payable solely from payments
made by Catholic Health East. The Authority has no taxing power.
Interested members of the public are invited to attend. Any person wishing to comment in
writing on these Projects should do so within 14 days after the date of publication of this notice
to City of Miami, Florida Health Facilities Authority, 444 South West 2nd Avenue, Suite 635,
Miami, Florida 33130. Attention: Finance Director. A verbatim transcript of the proceedings of
this hearing will not be prepared by the Authority. Should any person decide to appeal any
decision made by the Authority or the City of Miami after this hearing, he or she may need a
record of the proceedings and he or she may need to assure that a verbatim record of the
proceedings is made, which record includes the testimony and evidence upon which the appeal is
to be heard.
In accordance with the Americans with Disabilities Act of 1990, the needs of persons requesting
special accommodations (hearing or visually impaired) shall be met if the Authority is notified at
least 48 hours prior to the public hearing by contacting the Finance Office at the address noted
above.
CITY OF MIAMI, FLORIDA HEALTH FACILITIES AUTHORITY
2
TAMPA/6I 750.7